Hello! I am under contract for a 5 unit (SFH in front with 4plex behind) in Laredo. Previous to my offer, I was told the building was fully occupied and told specific rent prices. This influenced my decision to offer ...
Over the course of the past few months, my wife and I found, inspected and financed a triplex in the Providence, RI area. The final walk-through was scheduled for 9/9/16 at 9am, with the closing at 10am. When we arriv...
Hello BP Community. My name is AJ and I’m based in Phx Arizona. Me and my girlfriend are planning to get into the reAl estate game and want to begin flipping properties. Not so much buy and hold or rentals but buying ...
I just finished remodeling a property. However, I put quite a bit money in it and I wanna avoid the short term cap gain. So I decide to rent it for about 1 year then sell the turnkey. For those of you with experience ...
we are selling a property (rental for past 7 years) and need some guidance on how to calculate Capital gain and depreciation. Property was purchased for 210.000+closing costs (about 3.000) in 2001. In 2011 it was conv...
This is the first time I purchased a unit that needs to be renovated before it can be rented. Before I closed, I went ahead and purchased two more. All 3 units closed last week. So now I have 3 units that need renovat...
I am in the process of renting out a SFR in a mountain town and I promised to the tenant I will supply washer and dryer. My current tenant is a single person but in the future there can be 3 people staying in the hous...
I currently own a small plumbing businessI am trying to figure out if I am better off having employees on my payroll or having them on a 1099?we currently work for a big box retailer that pays us on a 1099 my plumbing...
Hey 1031 experts I have a scenario question for you.
Bought an apartment building with a construction loan of $565,000. The purchase was $375,000 and the rest was used for renovations.
My cost bases in the building ...
I'm too weeks from closing on a four family house in Delaware county PA (my first property) and my attorney and my agent have conflicting schedules on closing day. I am aware some states require you have an attorney p...